Does AVIAT NETWORKS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AVIAT NETWORKS, INC. (AVNW) 41.0 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 50, returns on capital 7, balance-sheet safety 76, capital discipline 44.

Is AVNW stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $10.57 per share versus a recent price of $20.79 — 97% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has AVNW's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 41.0 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

AVIAT NETWORKS, INC.

AVNW · Technology · $264.0M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power50

Median gross margin 34.3% over 10y, stable.

Returns on capital7

Median ROIC 4.9%, above the 9% hurdle in 20% of years.

Balance-sheet safety76

Net debt/EBITDA 1.8x, no material interest expense disclosed.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

97% above value

Owner earnings (normalized): $12.1M
Est. intrinsic value / share: $10.57
Recent price: $20.79
Discount to value: 97% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for AVNW yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale41.0 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — AVNW has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#302 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#300NTGR NETGEAR, Inc.41.3 out of 100, Shallow moatShallow moat
#301DH Definitive Healthcare Corp.41.1 out of 100, Shallow moatShallow moat
#303MRDN Meridian Holdings Inc./NV41.0 out of 100, Shallow moatShallow moat
#304SKIL Skillsoft Corp.41.0 out of 100, Shallow moatShallow moat

Compare AVNW with its nearest peers →All Technology companies on the Index →

Common questions about AVNW

Does AVIAT NETWORKS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores AVIAT NETWORKS, INC. (AVNW) 41.0 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 50, returns on capital 7, balance-sheet safety 76, capital discipline 44.
Is AVNW stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $10.57 per share versus a recent price of $20.79 — 97% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has AVNW's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 41.0 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell AVNW. See the disclaimer.